Tech Talk for Wednesday November 4th 2026

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Technical Notes

Salesforce.com (CRM) an Dow Jones Industrial Average stock moved below $221.18 completing a double top pattern

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DuPont (DD) an S&P 100 stock moved above $148.77 and$153.63 setting an intermediate uptrend.

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Cenovus (CVE.TO) a TSX 60 stock moved below Cdn$42.83 completing a double top pattern.

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Fortis (FTS.TO) a TSX 60 stock moved above Cdn$83.07 to an all-time high extending an intermediate uptrend.

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Trader’s Corner

traders corner nov 4

Indices and Related ETFs

spx nov 4

Commodities

crb nov 4

Sectors

xlk nov 4


An interesting note from www.yahoo.com about performance by the S&P 500 Index related to the U.S. Presidential Cycle

Blue, red or divided, the S&P 500 was higher a year after all 20 midterms since 1946, measured from Election Day, with an average gain of about 14%. The closest call was 1946 itself, a gain of just 0.1%. The streak lines up with the strongest stretch of the Presidential cycle, which runs from late in a midterm year into the next.

Links offered by valued providers

Only 2 Mag 7 Charts Made My Top 10 for November: Dave Keller

Only 2 Mag 7 Charts Made My Top 10 for November – YouTube

Trading Places Live! November 3, 2026: Tom Bowley

Trading Places Live! November 3, 2026 – YouTube

19 for 19: The Most Consistent Six-Month Stretch in Market History (November to April after Mid-Term election)
19 for 19: The Most Consistent Six-Month Stretch in Market History – YouTube


S&P 500 Momentum Barometers

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The intermediate term Barometer dropped 1.20 to 66.20. It remained Overbought.

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The short term (20 days) Barometer dropped 1.40 to 71.60. It remained Overbought.

The long term Barometer dropped 1.60 to 64.00. It remained Overbought.

TSX Momentum Barometers

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The intermediate term Barometer added 1.40 to 53.49. It remained Neutral.

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The short term (20 days) Barometer dropped 0.47 to 53.95. It remained Neutral.

The long term Barometer was unchanged at 53.95. It remained Neutral.

Disclaimer: Seasonality ratings and technical ratings offered in this report and at

www.equityclock.com are for information only. They should not be considered as advice to purchase or to sell mentioned securities. Data offered in this report is believed to be accurate, but is not guaranteed.




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